Monthly Rent Report
O'Hare Rent Report — July 2023
Asking rents in ZIP 60656, Chicago, from 82 listings.
Median 1BR rent in O'Hare was $1,425 in July 2023, up 3.6% (+$50) from June 2023 and up 9.6% year-over-year. The middle half of 1BR listings asked between $1,395 and $1,439. That puts O'Hare $25 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 82 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,318 | +$10 (+0.8%) | +$98 (+8.0%) | $1,265 – $1,341 | 12 |
| Studio | $1,263 | −$45 (-3.4%) | +$43 (+3.5%) | $1,250 – $1,275 | 4 |
| 1BR | $1,425 | +$50 (+3.6%) | +$125 (+9.6%) | $1,395 – $1,439 | 10 |
| 1BR | $1,425 | +$50 (+3.6%) | +$125 (+9.6%) | $1,425 – $1,425 | 1 |
| 2BR | $1,680 | +$130 (+8.4%) | +$180 (+12.0%) | $1,295 – $1,825 | 21 |
| 2BR | $1,500 | −$50 (-3.2%) | $0 (0.0%) | $1,500 – $1,500 | 1 |
| 3BR | $2,600 | +$500 (+23.8%) | −$95 (-3.5%) | $2,488 – $2,600 | 6 |
| 3BR | $2,360 | +$260 (+12.4%) | −$335 (-12.4%) | $2,360 – $2,405 | 7 |
| 4BR | $2,647 | $0 (0.0%) | +$97 (+3.8%) | $2,645 – $2,647 | 12 |
| 4BR | $2,647 | $0 (0.0%) | +$97 (+3.8%) | $2,647 – $2,647 | 8 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — July 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,318 | $1,200 | +$118 (+9.8%) |
| Studio | $1,263 | $1,200 | +$63 (+5.2%) |
| 1BR | $1,425 | $1,450 | −$25 (-1.7%) |
| 1BR | $1,425 | $1,450 | −$25 (-1.7%) |
| 2BR | $1,680 | $1,795 | −$115 (-6.4%) |
| 2BR | $1,500 | $1,795 | −$295 (-16.4%) |
| 3BR | $2,600 | $2,273 | +$328 (+14.4%) |
| 3BR | $2,360 | $2,273 | +$88 (+3.9%) |
| 4BR | $2,647 | $2,709 | −$61 (-2.3%) |
| 4BR | $2,647 | $2,709 | −$61 (-2.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.